Comments on: Analysis of home mortgage refinancing options

By: Tom Allen

Tom Allen — Sun, 15 Jul 2007 20:19:09 +0000

That is a good clear explanation of refinancing.

A lot of people who took out their mortgages a number of years ago may not be getting the best deal possible. I think that probably the tow most significant changes in the industry in this regard in recent years.

I certainly feel that refinancing can be a great idea as long as people understand the process and the potential pitfalls. It never ceases to amaze me how a lot of people don’t understand the details of what is the single largest financial undertaking for most people.

I run a mortgage information site and I always try to explain clearly to give people a better understanding of what’s available out there.

By: Kenneth

Kenneth — Fri, 16 Mar 2007 04:25:05 +0000

Mortgage lenders sell a disproportionate share of high-cost, or subprime, home loans to blacks and other minorities in big cities across the US, according to two new reports.
A study conducted by the Woodcock Institute, a Chicago-based organisation that promotes community development, and four other groups found that home loans are more expensive for minorities in Boston, Charlotte, Chicago, Los Angeles, New York City and Rochester, New York.
In these six cities, blacks were 3.8 times more likely to receive a higher-cost home loan than were white borrowers, while Latinos were 3.6 times more likely than white borrowers to receive a higher-cost loan. Subprime loans – mortgages tailored to homebuyers with poor credit ratings – typically have interest rates at least 3 percentage points above regular mortgages.
Subprime loans have attracted heightened scrutiny in recent weeks as defaults on US mortgages have increased and banks that specialise in these products have imploded.

By: Mortgage Insurance » There are many companies (mbna debt consolidation) that are just w….

Sat, 10 Feb 2007 09:47:48 +0000

[...] Analysis of home mortgage refinancing optionsRecently, the time came for me to refinance my house to lock in a longer term interest rate. I bought my house on a three year interest only… [...]

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Blog » — Sat, 10 Feb 2007 09:06:26 +0000

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